Netskope (NASDAQ:NTSK) Director Acquires 64,771 Shares of Stock

Netskope Inc. (NASDAQ:NTSK) Director William J.G. Griffith purchased 64,771 shares of Netskope stock in a transaction that occurred on Monday, July 13th. The stock was purchased at an average price of $12.42 per share, with a total value of $804,455.82. Following the transaction, the director owned 916,690 shares in the company, valued at $11,385,289.80. This represents a 7.60% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

William J.G. Griffith also recently made the following trade(s):

• On Friday, July 10th, William J.G. Griffith acquired 241,628 shares of Netskope stock. The stock was purchased at an average cost of $12.26 per share, with a total value of $2,962,359.28.
• On Wednesday, July 8th, William J.G. Griffith acquired 610,291 shares of Netskope stock. The shares were purchased at an average price of $11.82 per share, for a total transaction of $7,213,639.62.

Netskope Stock Up 11.5%

NTSK stock traded up $1.47 during midday trading on Tuesday, reaching $14.27. The company had a trading volume of 10,148,206 shares, compared to its average volume of 4,680,417. The company has a 50 day moving average of $10.81 and a two-hundred day moving average of $11.69. The company has a market capitalization of $5.76 billion and a P/E ratio of -71.35. Netskope Inc. has a 1 year low of $7.66 and a 1 year high of $27.99. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 4.06.

Netskope (NASDAQ:NTSK) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. The company had revenue of $201.59 million for the quarter. The business’s revenue was up 27.8% compared to the same quarter last year. Netskope has set its Q2 2027 guidance at -0.070–0.060 EPS and its FY 2027 guidance at -0.180–0.180 EPS. On average, equities research analysts expect that Netskope Inc. will post -0.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Netskope

Institutional investors have recently bought and sold shares of the stock. ICONIQ Capital LLC acquired a new stake in shares of Netskope in the third quarter worth about $1,506,261,000. Scge Management L.P. acquired a new stake in Netskope in the 3rd quarter worth approximately $312,104,000. Public Sector Pension Investment Board acquired a new stake in Netskope in the 4th quarter worth approximately $60,882,000. Bamco Inc. NY bought a new stake in Netskope during the third quarter worth approximately $52,888,000. Finally, Wasatch Advisors LP acquired a new position in Netskope during the second quarter valued at approximately $25,107,000.

Analyst Ratings Changes

Several research analysts have weighed in on NTSK shares. Citizens Jmp dropped their target price on Netskope from $23.00 to $17.00 and set a “market outperform” rating on the stock in a research report on Friday, May 1st. BTIG Research lowered their price target on Netskope from $17.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. Royal Bank Of Canada set a $18.00 price objective on Netskope in a report on Thursday, June 4th. Rosenblatt Securities started coverage on shares of Netskope in a research report on Tuesday, April 14th. They set a “buy” rating and a $15.00 price objective on the stock. Finally, TD Cowen reduced their target price on shares of Netskope from $25.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $17.11.

Netskope Company Profile

We are redefining security and networking for the era of cloud and AI. The cloud and AI have completely revolutionized work. We are more dispersed, more productive, and more automated than ever before, and the rate of change is only accelerating. Not since the internet has there been such a transformative tectonic shift. But, with it has come collateral damage-traditional security and networking are now broken. We founded Netskope to address this revolution. We built Netskope One, our unified, cloud-native platform from the ground up to solve the challenge of securing and accelerating the digital interactions of enterprises in this new era.